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Question - Maxim Fencing constructs paling fences. During last month, the fencing division erected 4,000 metres of fencing. The costs incurred by the division were as follows:
Palings $4,000
Posts $5,000
Nails (no usage records) $500
Cement (no usage records) $500
Wear and tear on equip. $1,000
Refer to the table above. What the cost per metre of fencing?
a) $2.75.
b) $2.25.
c) $2.38.
d) $2.50.
Which of the following is true regarding capital projects funds?
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